Book Details

Measuring the Value of Culture : Methods and Examples in Cultural Economics

Publication year: 2008

ISBN: 978-3-540-74360-6

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Acknowledgement of the value of culture and cultural goods is increasing world-wide. So too is interest in finding methods to quantify this value so that governments and private sponsors can make efficient funding decisions. "Measuring the Value of Culture" documents methods that can be used to put a price on the arts and cultural goods, including theatre, heritage, cultural events (like arts festivals), museums, archaeological sites and libraries. The methods discussed include economic impact studies, which use market data, as well as non-market valuation techniques, like willingness to pay studies, and the newer choice experiments. In addition, advances in more qualitative valuation methods are considered.


Subject: Business and Economics, Choice Experiments, Cultural Goods, Economic Input, Museum, Valuation, Willingness to Pay